Draghi’s Come-Back-Later Gives ECB Pause to Ponder Future
- ECB president says QE is proving successful as economy heals
- Central banks globally need to work out their post-crisis role
ECB's Draghi Signals Stimulus Commitment
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If ever there was a moment for monetary-policy practitioners in Europe to take a time-out for reflection, it’s now.
With the economic ramifications of Donald Trump’s U.S. presidency as yet unknowable and the shape of Brexit only beginning to form, the European economy is -- by its modest standards -- humming along, partly on the fuel of the European Central Bank’s 2.28 trillion-euro ($2.42 trillion) quantitative-easing program. After a relatively uneventful policy meeting in Frankfurt on Thursday, ECB President Mario Draghi essentially said: ‘Come back later.’